question archive A survey was run by a high school student in order to determine what proportion of mortgage-holders in his town expect to own their house within 10 years
A survey was run by a high school student in order to determine what proportion of mortgage-holders in his town expect to own their house within 10 years
Subject:StatisticsPrice:3.87 Bought7
A survey was run by a high school student in order to determine what proportion of mortgage-holders in his town expect to own their house within 10 years. He surveyed 155 mortgage holders and found that the proportion of these that did expect to own their house within 10 years is 0.67. The student decides to construct a 95% confidence interval for the population proportion. You may find this standard normal table useful for the following questions
a)Calculate the margin of error that the high school student will have. Give your answer as a decimal to 3 decimal places. Margin of error =___________
A different high school student sees this survey and decides to try and repeat it. This second high school student also surveys 155 mortgage holders, but this student finds that the proportion of these that do expect to own their house within 10 years is 0.83. This student also constructs a 95% confidence interval for the population proportion.
b)Calculate the margin of error that the second student will have. Give your answer as a decimal to 3 decimal places. Margin of error =___________
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
please use this google drive link to download the answer file.
https://drive.google.com/file/d/1gfjjkS0oggBA2NqRfIcw_9FsCPBRdMHA/view?usp=sharing
note: if you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process.
https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link
